After Yesterday's Rally of 1.59% Shares Could Potentially Pullback
iShares MSCI Japan Index Fund (NYSE:EWJ) traded in a range yesterday that spanned from a low of $12.03 to a high of $12.12. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $12.00 on volume of 23.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, shares of iShares MSCI Japan Index Fund have traded between a low of $8.75 and a high of $12.43 and are now at $12.11, which is 38% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.
SmarTrend is tracking the current trend status for iShares MSCI Japan Index Fund and will alert subscribers who have EWJ in their portfolio or watchlist when shares have changed trend direction.
Keywords: rebounders ishares msci japan index fund